| Product Code: ETC5686036 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada`s import of socks in 2024 saw a notable increase in shipments from top exporting countries including the USA, Curaçao, China, Panama, and the UK. Despite a high concentration of the Herfindahl-Hirschman Index (HHI) in 2023, the market remained competitive in 2024 with a slightly lower HHI indicating healthy competition. The compound annual growth rate (CAGR) from 2020 to 2024 was negative at -6.2%, but there was a positive growth rate of 6.28% from 2023 to 2024, showcasing a potential rebound in the market for sock imports in Grenada.
Grenada's Socks market is anticipated to experience a stable growth rate of 1.50% by 2027, reflecting trends observed in the largest economy United States of America, followed by Canada, Trinidad and Tobago, Jamaica and Bahamas.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Socks Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Socks Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Socks Market - Industry Life Cycle |
3.4 Grenada Socks Market - Porter's Five Forces |
3.5 Grenada Socks Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Grenada Socks Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Socks Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Grenada Socks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing fashion consciousness among consumers |
4.2.2 Growing demand for eco-friendly and sustainable products |
4.2.3 Rising disposable income in target market |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Intense competition from established sock brands |
4.3.3 Economic downturn impacting consumer spending on non-essential items |
5 Grenada Socks Market Trends |
6 Grenada Socks Market Segmentations |
6.1 Grenada Socks Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Grenada Socks Market Revenues & Volume, By Casual, 2021-2031F |
6.1.3 Grenada Socks Market Revenues & Volume, By Formal, 2021-2031F |
6.1.4 Grenada Socks Market Revenues & Volume, By Athletic, 2021-2031F |
6.2 Grenada Socks Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Socks Market Revenues & Volume, By Men, 2021-2031F |
6.2.3 Grenada Socks Market Revenues & Volume, By Women, 2021-2031F |
6.2.4 Grenada Socks Market Revenues & Volume, By Children, 2021-2031F |
6.3 Grenada Socks Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Grenada Socks Market Revenues & Volume, By Hypermarket & Supermarket, 2021-2031F |
6.3.3 Grenada Socks Market Revenues & Volume, By Convenience Store, 2021-2031F |
6.3.4 Grenada Socks Market Revenues & Volume, By Online, 2021-2031F |
7 Grenada Socks Market Import-Export Trade Statistics |
7.1 Grenada Socks Market Export to Major Countries |
7.2 Grenada Socks Market Imports from Major Countries |
8 Grenada Socks Market Key Performance Indicators |
8.1 Consumer engagement on social media platforms |
8.2 Number of retail partnerships established |
8.3 Percentage increase in website traffic from target demographics |
9 Grenada Socks Market - Opportunity Assessment |
9.1 Grenada Socks Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Grenada Socks Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Socks Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Grenada Socks Market - Competitive Landscape |
10.1 Grenada Socks Market Revenue Share, By Companies, 2024 |
10.2 Grenada Socks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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